I heard there’s 2 parts to the CDD. The part that pays for all the infrastructure which you described which goes away after 30 years and the part that pays for the ongoing maintenance of everything which never goes away. Is that right?
Nope the CDD. After doing some research it seems like there’s 2 parts to it. The financing portion and the operations and maintenance portion and from what I’ve read it seems like even when the financing portion is paid off the operations and maintenance portion is still there and doesn’t go away. But wanted to confirm this was the case.
I heard there’s 2 parts to the CDD. The part that pays for all the infrastructure which you described which goes away after 30 years and the part that pays for the ongoing maintenance of everything which never goes away. Is that right?
Are you referring to HOA fees? Those don't go away.
Nope the CDD. After doing some research it seems like there’s 2 parts to it. The financing portion and the operations and maintenance portion and from what I’ve read it seems like even when the financing portion is paid off the operations and maintenance portion is still there and doesn’t go away. But wanted to confirm this was the case.
Do you have any insight on this Sam?
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